Quick Overview

• The Fed’s Bernanke is a step closer to adopting a formal inflation target saying that most of the body’s officials think that price rises should be “2 % or a bit below”.

• U.S. Consumer sentiment index fell to 67.9

• Czech PPI rose to 2.4% YoY

• The U.S. federal government spent $1.294 trillion more than it collected in the fiscal year that ended Sept. 30. The deficit amounted to 8.9% of GDP. That's down from fiscal 2009, when the deficit of $1.416 trillion was 10.0% of GDP.

• Annual inflation in the Eurozone rose to 1.8% in September

• U.S. retail sales rose a stronger-than-expected 0.6% in September, lifted by big-ticket items including autos, electronics and appliances